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Why Obama wants fiscal cliff
Posted By -NO AUTHOR- On 12/06/2012 @ 12:10 am In Money,Politics | No Comments
(Zero Hedge) Why would President Obama willing choose to go over the fiscal cliff?
Obama already knows that such an event would create an economic drag in the next year of nearly 4% as the various taxes and mandated spending cuts sap economic strength. After four years of effort, bailouts, incentives and programs to keep the economy afloat – what incentive would there be to willingly go over the “cliff?” It is an interesting question.
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